Palm Beach, FL 12/2/11 (StreetBeat) --OSL Holdings Inc. (OTCBB: OSLH.OB) announced today that the company has signed a letter of intent to acquire 48% of Corporate Diversity Solutions (CDS) in exchange for shares of the company. CDS is a WBENC (52% woman owned) certified Tier One company committed to being a leading diversity procurement & distribution organization which is today focused on office supply, sustainability, janitorial, research development, and MRO (Maintenance, Repair and Overhaul) supplier of goods and data maintenance services. Commenting on this update, Eli Feder , CEO of OSL, stated, "The acquisition of CDS to our family of companies continues the execution of our strategic plan to compete and to gain market share in the $20 billion office supply & corporate procurement marketplace. We see the experienced management team with over 40 years of combined procurement experience, broad product lines, infrastructure and technology as a perfect fit in our offering to the market. CDS has a diverse corporate client list that includes Fortune 1000 clients in Telecommunications, Publishing, Finance and Government accounts.
We anticipate great synergies between their product lines and the existing relationship OSL Holdings has fostered within corporate America. CDS comes with existing revenues and client engagements that will be enhanced or extended with OSL Holdings additional capabilities and management talent."
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